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Public Limited Company
Public Limited Company to be Incorporated under Companies Act, 2013
A Public Limited Company can be incorporated under Company Act 2013 .It is a company that has limited liability and offers shares to the general public. The company is mainly suitable for the large scale of business where the capital will be high. Incorporation gives you a professional status and also Registering the Trademark of your company will help you to safeguard your identity and restrict others from using it.
Advantages of Incorporation of Public Limited Company
The liability of the company is limited.The personal assets of the shareholders will not be used for unpaid debts. If the company is facing a financial crisis, the assets of the company will be used to pay back the debts.
Separate Legal Entity
It will be considered as a separate legal entity where the assets & liabilities of the business and directors are not same. Company will be considered to be a legal person and also holds the Right to Sue a third party in case of any dispute or default arises.
The capital for the company can be made with the help of issuing shares to the general public. It results in maximization of capital in large scale.
No Minimum Capital
You can start up your Public Limited Company with zero paid up capital. Now capital can not stop you from starting your business.
Documents required for Registration of Partnership Company